- $279,000
- MLS#: 5036190
- 5
- # of Units
- 2,700
- Total Sq. Feet
- 0.21
- Acres
- $5,412
- Taxes
1 of 16
General Property Information
- Price:
- $279,000
- County:
- VT-Rutland
- Acres:
- 0.21
- Property Type:
- Multi-Family
- Property Status:
- Under Contract
- # of Units:
- 5
- Agency/Brokerage:
- Betsy Adamovich
Real Broker LLC
Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!
Features
- Property Type:
- Multi-Family
- # of Units:5
- Subdivision Name:
- Year Built:
- 1910
- Parking:
- Road Frontage:
- 0
- Acres:0.21
- Gross Income:
- 54,000
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 0
- Sq Ft (Above Ground):
- 2100
- Sq Ft (Below Ground):
- 600
- Total Sq Ft:
- 2700
- Land Description:City Lot,Sidewalks,In Town,Near Shopping,Near Skiing,Near Public Transportatn,Near Hospital,Near School(s)
- Elementary School:
- Middle School:
- High School:
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 800.00
Unit 2
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 800.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- Unit Style:
- Monthly Rent:
- 1200.00
Unit 4
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 900.00
Unit 5
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- Floor:
- Unit Style:
- Monthly Rent:
- 800.00
Other Information
- List Date:
- 2025-04-14
- Last Updated:
